Traders Buy Large Volume of Call Options on Samsara (NYSE:IOT)

Key Points

• Unusual options activity: Traders bought 22,155 Samsara call options, 207% above the typical volume, signaling heightened speculative interest in potential upside.
• Shares declined 7.5%: Samsara stock fell to $39.38 despite the company exceeding quarterly earnings and revenue expectations, with revenue up 29.9% year over year.
• Analyst sentiment remains positive but insider selling is notable: Analysts maintain a “Moderate Buy” consensus with an average price target of $51.68, while insiders have sold substantial shares through pre-arranged Rule 10b5-1 plans.

Samsara Inc. (NYSE:IOT - Get Free Report) was the target of some unusual options trading activity on Friday. Stock traders acquired 22,155 call options on the stock. This is an increase of 207% compared to the typical volume of 7,224 call options.

Samsara Stock Down 7.5%

Shares of Samsara stock traded down $3.21 on Friday, hitting $39.38. The stock had a trading volume of 1,988,764 shares, compared to its average volume of 6,764,332. Samsara has a twelve month low of $23.38 and a twelve month high of $47.47. The business's 50 day moving average is $39.98 and its two-hundred day moving average is $35.23. The stock has a market cap of $23.06 billion, a price-to-earnings ratio of 246.46, a price-to-earnings-growth ratio of 10.02 and a beta of 1.35.

Samsara (NYSE:IOT - Get Free Report) last announced its earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.04. The company had revenue of $508.44 million for the quarter, compared to analyst estimates of $483.29 million. Samsara had a return on equity of 4.13% and a net margin of 4.90%. The firm's quarterly revenue was up 29.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 earnings per share. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. As a group, equities analysts predict that Samsara will post 0.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

IOT has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Samsara from a "hold" rating to a "buy" rating in a research note on Saturday, September 12th. Evercore reissued an "outperform" rating and set a $55.00 price target on shares of Samsara in a research report on Friday, September 4th. Piper Sandler restated a "neutral" rating and issued a $46.00 price objective (up from $40.00) on shares of Samsara in a research note on Friday, September 4th. KeyCorp raised their price objective on Samsara from $46.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, September 4th. Finally, Morgan Stanley lifted their target price on Samsara from $43.00 to $49.00 and gave the stock an "equal weight" rating in a research note on Friday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $51.68.

Key Headlines Impacting Samsara

Here are the key news stories impacting Samsara this week:

• Positive Sentiment: Unusually high call-option activity: Traders purchased 22,155 call options, 207% above the typical daily volume of 7,224 contracts. This suggests increased speculative interest in potential upside for IOT, although options activity can also reflect hedging and does not guarantee a stock advance.
• Positive Sentiment: Tracking Label earns TIME recognition: Samsara’s disposable Bluetooth Tracking Label was named one of TIME’s Best Inventions of 2026 in the Logistics category. The recognition highlights the product’s near-real-time shipment visibility capabilities and supports the company’s expansion into high-value shipments, packages and pallets. Samsara Tracking Label Named to TIME's Best Inventions of 2026
• Neutral Sentiment: Fleet scholarship announcement: Samsara and Trucking HR Canada announced recipients of a Top Fleet Employers scholarship. The initiative reinforces Samsara’s engagement with transportation customers but is unlikely to have a material near-term effect on revenue or earnings. Samsara and Trucking HR Canada Announce Recipients of Top Fleet Employers Scholarship
• Negative Sentiment: Heavy insider selling: CEO Sanjit Biswas and co-founder John Bicket each sold 263,900 shares worth roughly $11 million across October 13–15. The sales substantially reduced their reported holdings and may weigh on sentiment, particularly with IOT trading at a very high earnings multiple. However, all transactions were made under pre-arranged Rule 10b5-1 plans, meaning they were scheduled in advance and do not necessarily indicate deteriorating business prospects. Samsara SEC insider trading filing

Insider Buying and Selling at Samsara

In other Samsara news, insider John Bicket sold 202,548 shares of the stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $36.81, for a total value of $7,455,791.88. Following the completion of the sale, the insider owned 83,400 shares in the company, valued at $3,069,954. This trade represents a 70.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjit Biswas sold 202,617 shares of Samsara stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $36.81, for a total transaction of $7,458,331.77. Following the completion of the transaction, the chief executive officer directly owned 83,400 shares of the company's stock, valued at approximately $3,069,954. This trade represents a 70.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 2,759,939 shares of company stock valued at $107,297,212 over the last three months. 35.13% of the stock is owned by company insiders.

Hedge Funds Weigh In On Samsara

Several institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP raised its stake in Samsara by 9.6% in the 2nd quarter. Wellington Management Group LLP now owns 9,327,606 shares of the company's stock worth $302,494,000 after purchasing an additional 813,922 shares in the last quarter. Bamco Inc. NY grew its position in shares of Samsara by 21.9% during the 4th quarter. Bamco Inc. NY now owns 4,120,031 shares of the company's stock worth $146,055,000 after purchasing an additional 741,200 shares in the last quarter. Spyglass Capital Management LLC increased its holdings in shares of Samsara by 4.7% during the second quarter. Spyglass Capital Management LLC now owns 3,085,655 shares of the company's stock worth $100,068,000 after purchasing an additional 139,009 shares during the period. Bank of America Corp DE increased its holdings in shares of Samsara by 41.5% during the first quarter. Bank of America Corp DE now owns 2,710,202 shares of the company's stock worth $85,886,000 after purchasing an additional 794,255 shares during the period. Finally, Bessemer Group Inc. increased its holdings in shares of Samsara by 3.3% during the first quarter. Bessemer Group Inc. now owns 1,675,509 shares of the company's stock worth $53,097,000 after purchasing an additional 53,576 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Samsara Company Profile

Samsara Inc is a technology company that provides connected operations solutions for organizations with physical operations. Its platform combines Internet of Things (IoT) hardware, cloud-based software and data analytics to help businesses monitor vehicles, equipment, worksites and mobile workforces.

The Samsara Connected Operations Cloud includes vehicle telematics, GPS tracking, video-based safety, routing and dispatch tools, equipment monitoring, workforce and workflow management, and compliance solutions.

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